What happened to Zhong You Health Company?

Bankruptcy reorganization. According to the announcement of the Intermediate People's Court of Lanzhou City, Gansu Province, Zhong You Health began to encounter operational difficulties in early 2022, with the phenomenon of defaulting on suppliers' payment and employees' wages, and involved in many litigation disputes. In April 2023, it entered the stage of bankruptcy reorganization. On April 28, 2023, Lanzhou Intermediate People's Court ruled that 30 companies, including Gansu Zhong You Health Management Group Co., Ltd., were substantially merged, went bankrupt and reorganized according to their applications. Therefore, Zhong You went bankrupt and reorganized healthily.